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Astec LifeSciences Ltd, a producer of Organic Intermediates for Pharmaceutical and Agrochemical Industries, is planning to enter capital markets with an IPO of 75,00,000 Equity Shares, each bearing a Face Value of Rs.10- each. Astec LifeSciences IPO opens for subscription from Thursday, October 29, 2009

Astec LifeSciences Ltd, was established in 1994 with a focus on the Pharmaceutical and Agrochemical Industries. The company is engaged in the manufacture and sale of intermediates, active ingredients and formulations. The issue would comprise of 75,00,000 Equity Shares with a reservation of 1,00,000 equity shares for subscription by eligible employees and net issue of 74,00,000 equity shares